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Post by kissmyjazz on Nov 11, 2015 19:08:42 GMT
Something strange is happening with Creamfinance loans. They have disappeared from the primary market and majority of the funded ones are late.
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Post by kissmyjazz on Nov 6, 2015 12:02:39 GMT
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Post by kissmyjazz on Nov 1, 2015 7:42:47 GMT
Bondora should start selling pet unicorns.
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Post by kissmyjazz on Nov 1, 2015 3:34:37 GMT
My experience so far with Mintos has been very good. However, I find worrisome the general dynamics of your loan pricing. Every other loan category except for mortgage loans has started with higher "teaser" interest rates which then quickly declined. I find also strange that you price business loans that are on average the riskiest category in your loan book below the rates on the mortgage loans. This constant fiddling with the loan rates makes me think more and more that I should simplify my life and concentrate on Twino instead. Attachments:
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Post by kissmyjazz on Oct 27, 2015 13:07:47 GMT
Twino has cheated me on 1 cent, anyone has seen anything similar?
22.10.2015 Investment Principal 03-66292 -400.00
26.10.2015 Early full repayment Principal 03-66292 399.99
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Post by kissmyjazz on Oct 13, 2015 8:49:57 GMT
Not a guarantee, more like a promise for the time being, at least it was so in the spring, so I wonder if anything has changed recently. Look at the page 3 of this discussion. Today we repurchased loan 2014-1005 that is in recovery so that investors don’t have to wait until resolution that might include repossession of collateral. We exercised our rights as stipulated in General Terms and Conditions of Assignment Agreement: 9.2. Mintos has the right, but not an obligation to use its repurchase rights in any of the following events: 9.2.1. the Borrowers delays the payments arising from the Loan Agreement by more than 60 (sixty) days. We expect to exercise these rights in similar manner also in the future.
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Post by kissmyjazz on Oct 13, 2015 3:21:22 GMT
Mintos, is the implicit repurchasing guarantee of the real estate-backed loans still in place? For some reason I see with every month the deterioration of repayment discipline of the Latvian real estate-backed loans in my portfolio and one is being 60+ days late for some time already. Mogo loans also seem to be defaulting at high rate, I hope the company can withstand this.
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